Not many retailers still report monthly same store sales, but among the few that do, the results for March are a bit disappointing.» Read More
CHARLOTTE, N.C. _ Cato Corp. on Thursday reported fiscal first-quarter profit of $31.1 million. The Charlotte, North Carolina- based company said it had profit of $1.11 per share. Cato expects full-year earnings to be $2.10 to $2.23 per share.
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Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
Macy's is becoming an innovator, but don't expect that to carry through to other retailers.
Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to woo back-to-school shoppers.
Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.
A group of large US retailers reported higher sales for July, but had to resort to bargains to lure shoppers who are still careful in their spending while the job market recovers.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.
A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks.
After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
Many top U.S. retailers reported strong January sales after offering compelling merchandise that drew in shoppers facing a hit to their take-home pay from higher payroll taxes.
Beginning of a divergence? Sales of bonds have been the fuel for the stock market rally. However, stocks have moved sideways in the last few days, but the bond market is not being sold.